| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Apple Shares Slip 2.8% On Foxconn Hiring Freeze, But It May Be Because Of Robots, Not Slack iPhone 5 Demand
In SoMeIT (Social Media Information Technology), we are fully dedicated to satisfying all of your web needs, integrating your business to social networks.
Apple’s stock price fell 2.8 percent after investors worried that a hiring freeze at Foxconn’s China plants is related to lack of demand for the iPhone 5. Foxconn suspended recruitment at its factories in Zhengzhou and Shenzhen and it also reportedly postponed the construction of a new factory. Though this may point to slackening demand for the iPhone 5, it could also mean that Foxconn is preparing to adjust its production line in order to install automated robots as a way to get around increasing wages and concerns that poor working conditions played a role in a series of worker suicides. The Taiwanese electronics manufacturer refuted reports that the hiring freeze is related to iPhone 5 production and said that it was related to a glut of employees returning after the Lunar New Year break.
source: http://feedproxy.google.com/~r/Techcrunch/~3/Oq1AIMuvlko/
2013-02-21 20:17:56
Source: http://someit.com/2013/02/21/apple-shares-slip-28-on-foxcon/
Source:
